Author: NBTC
With the Runes protocol launch set for this weekend alongside the Bitcoin halving, Ordinals explorer Ord.io is beefing up its treasury, announcing on Wednesday the raise of $2 million that the company says will be used to hire more developers. Bitcoin Frontier Fund and Sora Ventures led the pre-seed funding round. Other investors include Eden Block, Arca, Longhash Ventures, Daxos Capital, Portal Ventures, UTXO Management, Rubik Ventures, VitalTao Capital, Antalpha Ventures, Kommune Fund, Edessa Capital, PetRock Capital, PG Capital, Shake and Bake Productions, Re7 Capital, and Balaji Fund. Launched in March 2023 by software developer Zach Meyer and pseudonymous NFT…
The Ethereum price is currently undergoing a notable corrective movement, having corrected to approximately $2,845 in recent days A month ago, BeInCrypto suggested that significant support levels were around $3,215 at the 50-day EMA and between $3,107 and $3,215 at key Fibonacci levels. This range presented a favorable opportunity for Ethereum to experience a bullish rebound. ETH Finds Support: Price Stabilizes at 0.382 Fib Level, Around $3,107 In the monthly chart, Ethereum’s price remains positioned near the 0.382 Fibonacci support level. A potential bullish scenario entails a monthly close above this level, signaling positive momentum for the cryptocurrency. However, failure…
The native token of Fantom, FTM, is up 8% today, making it the best performing crypto among the Top 100 coins by market cap today following the announcement of its USDC.e stablecoin launch and an upcoming network upgrade. Fantom is a directed acyclic graph (DAG) smart contract platform. FTM has been jockeying with Toncoin for preeminence, with TON leaping into the Top 10 earlier today. Fantom focuses on providing decentralized finance (DeFi) services to developers using its bespoke consensus algorithm. Recent developments have contributed to its bullish momentum. The Sonic upgrade, which will transition the network from testnet to mainnet…
A Ukrainian lawmaker is set to stand trial after allegedly trying to bribe a government official with $10,000 worth of Bitcoin, anti-corruption officials said on April 16. The case centers around serving lawmaker Andriy Odarchenko. In a Telegram post from the National Anti-Corruption Bureau of Ukraine (NABU), the nation’s anti-corruption agency said it had sent the case to the High Anti-Corruption Court (VAKS). Ukrainian Lawmaker ‘Offered Official $50k’ in BTC Odarchenko is an MP for the Kharkiv Oblast constituency. He represents the ruling Servant of the People Party. In November last year, NABU initially charged him. VAKS then ordered that…
In a recent announcement, Radiant Capital, a leading decentralized finance (DeFi) platform, has successfully upgraded its BNB Chain subgraphs to The Graph’s Decentralized Network. This upgrade marks a significant step towards greater autonomy and rapid data access, enhancing the user experience on the Radiant platform while ensuring data security through The Graph Network. As the Sunrise of Decentralized Data approaches, Radiant has successfully upgraded @BNBCHAIN subgraphs to the @graphprotocol’s Decentralized Network.This upgrade enables greater autonomy along with rapid access to data powering the Radiant experience, secured by The Graph… pic.twitter.com/cpWhUAVjNf — Radiant Capital (@RDNTCapital) April 17, 2024 Radiant Capital aims…
Animoca Brands, a top Web3 investor and the company behind subsidiaries such as The Sandbox, Eden Games and SPORTPASS, holds a staggering $558 million in cryptocurrency. The company revealed this in an unaudited financial statement published on Wednesday, April 17, 2024. Animoca Brands also holds $291 million cash and stablecoins Animoca Brands’ interim financial update shows assets as of March 31, 2024 as $558 million, an increase of $266 million in crypto from December 2023. As well as the digital assets on its balance sheet, the company also holds a cash and stablecoin balance of $291 million. “Having continued to…
As the deadline for the SEC’s decision on spot Ethereum ETFs approaches, investors are questioning whether to hold or sell their Ethereum holdings. Experts weigh in on the potential impact of the expected rejection and its implications for the broader cryptocurrency market. Experts and their Insights Analysts anticipate that the SEC will likely reject spot Ethereum ETF applications by the end of May. Bloomberg ETF analyst Eric Balchunas has revised his approval estimate from 70% to 25%, signaling a bearish sentiment. Similarly, decentralized prediction markets suggest bleak probabilities of approval, with figures as low as 18%. Lark Davis’s Perspective Renowned…
Arkham’s ARKM token witnessed a drastic 20% decline following controversial token transfers. This event sparked widespread debate in the cryptocurrency community. Arkham is trying to address the market concerns while the ARKM token tests critical support. Why Arkham’s Transactions Gained Crypto Community’s Attention Nansen, a competitor, reported that Arkham moved substantial ARKM amounts, over 25.2 million tokens valued at more than $56 million, to unidentified wallets and Binance. This revelation raised concerns about transparency and intent. In response, Arkham addressed the situation on April 9. They clarified that these transfers aligned with their tokenomics, involving unlocked tokens. Despite these assurances,…
Amidst regulatory challenges and court disputes, Ripple Labs Inc. continues its legal battle with the U.S. Securities and Exchange Commission (SEC), a conflict that has significant implications for the cryptocurrency landscape. Exploring the Legal Terrain As Ripple and the SEC lock horns over the classification of crypto assets, the debate intensifies over how these digital tokens should be regulated. Speaking at a Columbia Business School event, former SEC litigator Linda Steward hinted that the dispute might eventually escalate to the Supreme Court. Steward delineated the SEC’s stance, noting that the agency does not consider tokens themselves as securities but rather…
Bitcoin ETFs shattered records with a 14,261 bitcoin purchase on March 12, as a former Swiss Bank Director shed light on the changing Bitcoin ETF investment scene. On March 12, net spot Bitcoin ETF inflows surpassed $1 billion, with Blackrock’s IBIT product reaching a record $849 million inflow and exceeding 200,000 BTC in assets under management, as per reports. The latest surge in trading activity eclipses the initial enthusiasm seen at the ETFs’ inception and establishes a new market engagement benchmark. In a March 14 interview with Crypto.news, Clive Thompson, a retired managing director of wealth management with decades of…